Charlty number: 327745 ROBYN CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023
ROBYN CHARITABLE TRUST CONTENTS Page Relerènce and Admlnlstrative Detalls of th• Charlty, Its Trujtges and Advlsers TruBt80s' Report Indopondent Examln8rfs Report statemttnt of Flnanclal Actlvltles Balance Sho01 NotvJ to the Flnanclal Statements 10-16
ROBYN CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2023 Trustsas R Harris M Knopfier K Aldridge-Knopfler Charlty reglstsred number 327745 Prlnclpal offic8 101 New Cavendish Street 181 Floor South London W1W6XH Accountants H8rris & Trotter LLP Chartered Accountant 101 New Cavendish Street 1st Floor South London W1W6XH Bankers Coulls & Co 440 Strand London WC2R OQS Page 1
ROBYN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2023 The Trustees present their annual report l¢gether with the financial statements of the Charity for the 6 April 2022 10 5 April 2023. Structuro, governanc• and management Robyn Charitable Trust was registered with the Charity Cunmission in England and Wales on 29 March 1988. The Charity number Is 327745, and il 1$ constituted under a Tru81 deed. The trustees who served during the year were.. R Harris - M Knopfler K Aldridge-Knopfler Existing Iru51ee6 brief new trustees on the Charity's aims and objeelive8. They are given a copy of the Declaration of Tru51 along with tha lale81 financlal statements. They are also given literature about the Charity and a copy of the Chanty Commi8sion's gUalIneS for Tru8lees, which will help them fulfil Ihelr rola in ling with charlly law. The Iruslees review the Strategic 8clivitie8 and financlal positlon of 81 Ils regular board meetings. They consider polonlial risks lop which the charity is exposed. As part of Ihls process, the Iruslees have implemented a risk management stralègy whlch comprises on annual review of the risk5 which the charity may lace and the 88lablishment of system8 and procedur05 to miligale those risks identified in the plan and the implementation of procedures designed lo minimise any potential impact on the charity should those risk5 materialise. The Tru8te8s have assessed the major ri8k8 to whlch the charrf(y Is expo8ad. in partlcul8r Ih08e rel8ted lo the operations and finances of the ch8rKy. and arè satisfied that systems and procgdure$ are in place lo miligale our exposure lo the major risk&. In 8ccordance with the Trust deod, the trustees have the power to inve81 in Such 88sels as they See fil. The Charity has a policy of keeping surplus liquSd funds In short temi deposrt8. This low r18k Inve81ment policy provided the flexibility in making charrtable 9ranls and ensures the charfly has ad8qU818 fundg 10 rneet ongoing grant commilmenls and adminislralion cos15 in accordance with ils reserves policy. Oblactlve8 and actlvltlè8 The Charity objectives are: to continue support of children in need of education anywhere in the world any other chant8ble objectives al the discretion of the trustees Page 2
ROBYN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED S APRIL 2023 Achievements and perfomiance The Income for the Charity for the period under review was £45,307 12022.. £97,902) and the expenditure in the furtherance of the Charlty8 objectives were £67,23012022.' £232,632). The Iruslees are grateful to all donors for their conlribulion8 to tha Charity during the year and their continued support in the future. During the year, unlisted investments was sold which generated a gain of £1,061,02512022'. £nil The Charilys cash reserv8$ al the year end were £1.862,63012022'. £1,019) Fundralsing During the year the Charity didn't carry out any fundraising activities and all the Income wa3 generated from voluntary donations and proce8ds from the Sale of unlisted Investment. Flnanclal revlew a. Golng concern After making appropriate enquiri95, the Tru81ee8 have a re88onabl8 expectation that the Charity ha8 adequate resources lo continue in operational existence for the foreseeable lulure. For this reason. they continue to adopt the going concern basis in preparing the financial 5talemenls. Further details regardin9 the adoption of the going concem basis can be lound in the accounting policies. b. Reserve• pollcy The trustee8 have adopted a roserves policy whereby sufficient cash reseNes are held lo cover future commilLmen13. The b£lance of cash reseThes at 5 April 2023 w88 £1,862,63012022.' £1.0191. c. Rlsk Managemènt The Tru81ee8 hove a5Se8sed the major risks to which the charity is exposgd, in particular Ihoso rg18lod lo the operations and finances of the charrty, and are satisfied that system¥ and procedures are in place lo mi119ale our exposure lo the major ri8k8. In accordance with the tru51 deed, the Iruslees have the power lo Invest in 8uch assets as they see fit. The Charity ha5 a policy of keeping surplus liquid funds in short temi deposits. This low risk investment policy provided the flexibility in making charitable grants and ensures the charity has adequate funds lo meet ongoing grant commitments and administration costs in accordance with ils reserves policy. Inygstment Pollcy The Charity holds inveslmenty in order to generate returns to help its charrtable objectives and to fund future projects. The Iruslees adopt o prudent investment policy lo ensure potential returns are well balanced with the appropriate levels of risk. Page 3
ROBYN CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 St•tement of Tru$tèes' responsibilitles The Trustees are responsible for prepailng the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally ACpted Accountlng Practice). Th8 law applicabl& to charities in England & Wales requires the Trustees lo prepare financial statements for each financial which give 8 true and fair view of the slate of affairs of the Charity 8nd of its incorning re80urces and application of resouree8, including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then 8ppty them consislenlly., obsetve the method8 and principles of the Charities SORP IFRS 1021,, make judgments and accounting gslimales that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, 8ubj8cI lo any material departures disclosed and explained in the financial 8lalemenl8', prepare the financial statements on the going concern basls unlesB il is inappropriate lo presume that the Charity will continua in business. Th8 Trustees are responsible lor keeping 8dequale accounting record$ that are suificienl lo show and explain Ihe Charills transactions and dlsc108e with reasonable accuracy al 8ny lime the financial p08ilion of the Charity and enable Ihgm lo ensure that th8 financial statements comply with the Charities Act 2011, Ihe Charity (Accounts and Reports) Regulations 2008 and the provisions of the Tru81 deed. They are also rasponsiblg for safeguarding the as8ets of the Charity and hence for taking reasonable st8ps for the prevention and detection of fraud and other Srregularltles. Approved by order of the members of the board of Tru61ee8 on 24 October 2023 and signed on their behaw by.. -1 (ij er Page 4
ROBYN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDEO S APRIL 2023 Independent Examlnerfs Report to the Trustees of Robyn Charitable Trust {Ihe Chailty'l I r8POrt to the charity Trustee5 on my èxarnination of tho accounts of the Charty foi tha year ended 5 April 2023. Responsibllltles and Basls of Report A8 the Trusteès of the Charty you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe 2011 Acl'l. I report Sn respect of my examination of the Charity'8 8ccounl8 carried out under section 145 of the 2011 Act and in carying Dut my examination I h8v8 followed the appllcable Dlreclions gen by the Charity Commisslon under section 14515}Ibl of the 2011 Act. Page 5
ROBYN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT {CONTINUEDI FOR THE YEAR ENDED S APRIL 2023 Indepondent Examlnerfs Statement Your 8ttenlion is drawn to the fact th81 the Chanty has Prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference lo the Accounting and Reporting by Charities.. St8temenl of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul ha8 bean withdrawn. l understand that this has been done in order for the accounts to provhde a truè and fair vièw in accordan¢o with the Generally Accepted Accounting Practlce effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination givlng me cause lo believe that in any material respect.. accounting records were not kept In respect of the Charity as required by Section 13D of the 2011 Act,, or th¢ accounts do not accord wrth th08e records.. or the account¥ do not comply with tha appliGable requirements concgrning the form and contgnl of 8ccounls sel out in the Charities (Accounts and Raportsl Rogulalions 2008 other than any requirement that the accounts give 8 Irue and fairf view which is not 8 matter considered as part of an indepentlenl ex8min81ion. I have no concams and have come acros8 no olher matter8 In conneelion with the examination to which allenlion should be drawn in this report In order lo enable a proper understanding of the accounts lo be reached. Page 6
ROBYN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 This report is made solefy to the Ch8rity8 Trustees. as a body, In accordance with Part 4 of the Ch8Tilies (Accounts and Rgportsl Regulations 2008. My work has been undertaken so that I might Stale lo the Charitys Trustees those mallers l am required lo state to them in an Independent Examinerf5 Report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assumo responsibilily to anyone other than the Charity and the Charitys Trustees as a body, for my work or for this report. Signed.. Dated-. 04101124 Charles Goldstein Brindley Goldstein 1Q3 High Street Waltham Cross EN8 7AN Page 7
ROBYN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2023 Unrestricted funds 2023 Total funds 2023 Total fvnds 2022 Note Income from: Donations and legacies Investments 8,949 36,358 8,949 36,358 13.600 84.302 Total Income 45.307 45.307 97.902 Expendlture on.. Charit8ble activities.. Donations paid Independent examiner 66.480 760 66,480 750 232,062 570 Total fjxpendlture 87,230 67,230 232,832 Ngt gxpondlture beforè net galn811108$981 on invgstments Net gainslllossasl on inve8lmenl8 121,9231 775.895 121,9231 776.695 (134, 730J (15,852) Not movomgnt In fund8 763.772 763,772 (1,582) Reconclllatlon of fund8: Total funds brought fOard Nol movement In fund8 1,927,475 753.772 1,927,475 753,772 2,078,057 (150,582J Totsl fund8 carrfed fopov•rd 2,681.247 2.681.247 1,927,475 The Statement of Financial Activilie8 includes all gains and10sses recognised in the year. The notes on pages 10 to 16 fomi part irf these finandal slalements. P89e 8
R08YN CHARITABLE TRUST BALANCE SHEET AS AT S APRIL 2023 2023 2022 Note Flxed a8$ets Investments 696,864 1.579, 720 696,864 1.575, 720 Current assets Deblols Cash al bank and in hand 122,504 1,862,630 347,487 1,019 1.98S.134 348,506 Creditor8.' amounts falling due within one year 1762) (751) Not current Assets 1,984,382 347,755 Total a88ets1083 Gurront Ilabllttl•8 2,681,246 1,927,475 Net a5S0ts gxcludlng penslon asset 2,681.246 1,927,475 Total net a880ts 2,681,246 1,927,475 Charfty fund8 Unreslricled fund8 10 2,881,246 t,927,475 Total funds 2,681.246 1,927,475 The fSngncial statements were 8pproved and aulhori5gd for 188ue by the Trustees on 24 October 2023 and signed on their behalf by.. M Knopfler The notes on pages 10 to 16 fom part of these financial statements. Page 9
ROBYN cHATABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2023 Accountlng pollcles 1.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 102) Accounting and Reporting by Charities. Statement of Recommended Practice 8pplicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 leffeclive 1 January 201gi, the Financial Reporting Stsndard applicable in the UK and Republlc of Ireland IFRS 1021 and the Charitie$ Act 2011. The financi81 statements have beon prepared to give a 'lrue and fairf view and hove departed from the Charities (Accounts and Report8} Regulations 2008 only lo the extent required lo provide a 'lrue and fairf view. This departure has invofved following the Charitie8 SORP IFRS 1021 published in October 2019 rather Ih8n the Accounting and Reporting by Charities.. Statement of Recommended PTaclice effecliva from 1 April 2005 which has since been wilhdiAwn. Robyn Charitable Trust meets the definition of a public benefit enlily under FRS 102. A8sels and 118bililies are initially recognised al historic81 cost or Irans4¢lion v81ue unless otherwise ¥taled in the rèlevant 9¢UntIng policy. 1.2 Incom• All income is recognised once thé Charity has entillemenl lo the income, it is probable that the Income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on est8bliBhing enlitlemenl, the probability of receipt and the ability to 86tim8le th sufficient ac¢uracy Ihg amount receivable. Evidence of enlillemenl lo a legacy exists when the Charity has sufficient evidence that a gift has begn loft 10 them Ilhrough knowledge of the exi$lon¢e of a valid will and the death of the benefactor) and the executor 18 881i8fied that the propety in que$lion will not be required lo Satisfy claims in the eslale. Receipt of a legacy must be re¢ogn18ed when il is probable th81 il wll be received and Ihe fair value of the amount receivable, which will generally be the expected cash amount lo be distributed to the Charty. can be reliably measured. Income 18x recoverable in relation lo inveslmgnl incomg is recognisgd at the time the inve8lment income 18 receivable. 1.3 Exponditure Expendrture is recogni3ed once theTe is 2 legal or construdive obligation to transfer economic benefit lo a third p8rty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendllure is classthed by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, including support Costs involved in undertaking each activity. Direct costs attributable lo a single 8clivily are allocated directly lo that activity. Shared costs which contribute lo more than one 3rlivity and support costs which are not attributable to a Single adivity are apportioned between Ih05e activities on a basis consistent with the use of resources. Centr81 staff Costs are allocated on the basis of time spent, and depreciation charges allocated on the PDrtion of the a8set's use. Expenditure on charitable 8CtNities is incurred on directty undertaking the activities which further the Charills objectives, as well as any associated support costs. Page 10
ROBYN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Aecountlng pollcles {continuedl 1.3 Expenditure (COnnOl Grants payable are charged in the year wh8n the offer is made except in those cases where the offer is conditional. such gran15 being recognised 88 expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met al the year end are noted as a commitment, bul not accrued as expenditure. All expenditure is inclusive of irwoverabL* VAT. 1.4 Investments Fixed asset inveslman18 are 8 ftsrni of financi81 instrument and are initially recognlsed at their transaction cost and subsequently measured 81 fair valug al the Balance Sheet date. unless the value cannot be measured reliably in whh c88e il is measured al cost less imp8irmenl. Investment gains and 103sey, whether realised or unrealised, are combined and presented as 'GaIn(Lo&se5I on inveslmonts. in the Slalgmenl of Fin8ncial Aclivi1I0$. 1.5 Debtorn Trade and other debtors are recognised al the sgtllemenl amount after any trade discount offerèd. Prepayments are vglued at the amount prepaKI nel of any trade discounts due. 1.6 Cash at bank ond In hand Cagh al bank and in hand includes cash and 8hort-lerm highty liquid inve81menls with a short maturrty of three months or less from Ihe dale of acquisition or opening ol tha deposit or similar account. 1.7 Llabllltle8 and provlslons Liabilities are recognised when there 18 an obligation 81 the B81ance Sheet date as a resutt of a past event, il is probable that a transfer of economic benefit will ba required in selllemenl. and the amount of tho selllement can be oslimaled Teliably. Ljabilrtles are recognised at the amount that the Charlty anlicipales it wll pay lo settle the debt or thè amount11 has recelved 88 advanced p8ymenls for the goods or services il musl provide. Provisions are measured at the best estimate of the amoun18 requlred tts setllo the obligation. Where the effect of the time value of money is material, the provision is based on the present value of Ih08e amounts, di8counled a the pre•tax discount rale that refleds the risks specific lo the liability. The unwinding of the di8counl 18 recognised in the Statement of Financial Acliwiies as a finance co81. 1.8 Flnanclal instruments The Charity On has financial assets and financial liabilities of a kind that qualify as b81ic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value wth the exception of bank loans which are subsequently measured al amortlsed cost using the effective interest method. Page11
ROBYN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting pollcles {contlnuedl 1.9 Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the Trustees in rtherance of the general objedives of the Charity and which have not been designated for other purposes. Investment income. gaSn8 and1088e8 are allocated to Ihe appropriate fund. Income from donatlon¥ and legacles Unro$trl¢tod funds 2023 Total funds 2023 Total funds 2022 Other donation8 8,949 8,949 13,600 Tolal 2022 13, 600 13,600 Investmont Incomo Unrestricted fund8 2023 Total fund$ 2023 rolal funds 2022 Inccffle from unlisted inve8tmen16 Dividends received Bank interest reG¢ived 9,097 19,996 7.265 9,097 19,996 7.285 64,824 19,464 14 36,358 38,35B 84,302 Tot812022 84,302 84,302 Page 12
ROBYN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Analysls of gxpendlture on charitable activities Summary by fund typo Unre$trlcted funds 2023 Total 2023 Tot81 2022 Donations paid Indopendenl examiner fee 66,480 750 66,480 750 232,Q62 570 67,230 67,230 232,632 Tol812022 232, 632 232,632 Independent examlneffs remuneratlon 2023 2022 Fees payable lo the Charity8 independent examlner for the independenl examination of the Charity's annual accounts 750 570 Trusteos, remunèration and expenses During the year. no Tru8lees received any remunoration or other benefits {2022- £NIL}. During the year ended 5 April 2023, no Trustee expen8e8 have been Incurred (2022- £NIL). Page13
ROBYN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Flxed asset investments Listed Investments Cost or valuatlon Al 6 April 2022 Revaluations 982,195 1285,3311 Al S April 2023 696,864 Net book value At 5 April 2023 696,864 Al 5 Apnl 2022 982, 195 Durin9 the year, the charity sold Its unlisted Investment for a gain of £1.061,025. Debtorn 2023 2022 Dug wlthln one year other debtors rax recoveroble 122,504 345,25T 2,230 122,504 347,48T CredltorB: Amounts falllng due wlthln one year 2023 2022 Accruals and deferred income 752 751 Page 14
ROBYN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 10. Statement of funds Statement of funds - curront year 8alanca at 6 AprS12022 GaIn Balan at 5 (Lossasl Aprll 2023 Incomo Exp8ndlture Unr88trlGted funds Reserves 1,927,476 46,306 167.2301 775,696 2.681,246 Staternent of fund8 - prlor year Bal8nc8 al l Apnl 2021 G8ins/ 8818nce al (Losses) 5 April 2022 Income Exp8ndllurè Unrestrlcted lund# Reserves 2,078,057 97,902 (232,632) (15, 852) 1,927,475 11. Summary offunds Summary ol funds- curront year Balance ot 6 Aprll 2022 GaSnsl Balance at 6 ILossesl April 2023 Incorn& Expenditure General funds 1.927,475 4S,306 167,230} 775,695 2.681.246 Summary offunds- priorygar Balance al 1 Apnl 2027 Gain Ba18nce al (Lossos) 5April 2022 Income Expgnditure GeneTal fund5 2,078,057 97.902 {232,632) (15, 852) 1,927,475 Page15
ROBYN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 12. Analysls of net assets between funds Analysis of net assets between funds - current year Unrestrlctgd funds 2023 Total funds 2023 Fixed gs8et investments Current assets Creditors due within one year 696,864 1,985,134 17521 696,884 1,985,134 17521 Total 2,681,246 2,681.246 Analyjls of net as80t8 between funds - pilor year Unreslricled funds 2022 TotBI funds 2022 Fixed 8ssel investment8 Current assets Crediiars due within one year 1,579, 720 348,506 (T51) 1, 579, 720 348,506 (751) Total 1,927,475 1,927,475 Page 16